Although Hilton has only left 3% of her inheritance to her descendants, it is actually another disguised way to ensure that her descendants can have food and clothing. If all the inheritance is left to her descendants, the inheritance tax to be paid by the descendants will be very high. It is clear that at least half of the inheritance will be owned by the state. The rich are not really stupid. They work hard all their lives to keep their families developing. How can they really ignore their descendants? No matter how much you want your descendants to develop themselves and start from scratch, you won't want them to experience their own hardships. There is nothing wrong with starting from scratch, but there are shortcuts to make them smoother. Why not use them? Right?
The tax system in the United States is actually quite problematic. It is not fixed, but will change with the price in the United States, and the more your inheritance, the higher the tax you have to pay. For example, in the United States, a president's mansion was left to his descendants after his death. Because the descendants could not afford to pay the high inheritance tax, they finally had to donate it. Now it has become the property of the country and turned into a museum. In fact, few of Hilton's descendants can really inherit the great cause. As long as they don't mess around, they can still have food and clothing all their lives. Hilton is also thinking of this aspect, and will leave the basic property for their basic expenses.
since the inheritance tax is so high, the rich will also come up with corresponding methods. The most common way is to set up a family association, donate most of their property to this foundation, and finally let their family take charge of this foundation, so as to ensure that their property will not be confiscated and that future generations will have no worries about food and clothing. As we hear that some rich people donate a lot of money to the foundation and feel that they are very kind and powerful, in fact, this is equivalent to putting the money in the left bag into the right bag, which is still their own.
In fact, the descendants of the rich will be under great pressure. It is very difficult for them to surpass the achievements of the previous one, and at the same time, it is necessary to ensure that their family will not be defeated by themselves. The height of development seems to be limited here. What you can do is not to ruin your fortune in your own hands.